Riverside Expands with Acquisition

The Riverside Company has added Houston-based Jacosoft to its Emergency Communications Network platform. ECN provides critical, time-sensitive communications and has a presence in all 50 states and Canada. Kirkland & Ellis advised Riverside on the deal, and Maranon Capital provided financing.

PRESS RELEASE

The Riverside Company has added Houston-based Jacosoft LLC (dba DeltAlert) to its Emergency Communications Network LLC (ECN) platform. ECN provides critical, time-sensitive communications and has a presence in all 50 states and Canada. DeltAlert provides similar services, with an emphasis on smaller municipalities and customer concentrations in Texas and North Carolina.
DeltAlert delivers messages to list or map-based groups through voice, text to speech, SMS text, and e-mail. The company’s customers will migrate to ECN’s CodeRED Basic product, which has a similar pricepoint and feature set to DeltAlert.
“We are building a truly exceptional company at ECN,” said Riverside Partner Chris Jones. “DeltAlert has a strong customer base whose needs will be nicely met by ECN’s greater capabilities and broader offerings.”
The acquisition of DeltAlert is the third addition to ECN in the last year, following the successful add-ons of One Call Now (government clients) and CityWatch.
Riverside is continuing to seek similar providers for acquisition opportunities as the firm solidifies ECN’s leadership position in the mass notification space. In 2012, ECN launched more than 100 million calls supplemented by notifications through its free app, CodeRED Mobile Alert.
Working with Jones on the transaction for Riverside were Operating Partner George Benson, Vice President Martha Sciaraffo, Senior Associate Brad Roberts, Associate Max Moehlmann and Operating Executive Tom Snyder. Regional Director, Origination Jeremy Holland sourced the deal for Riverside.
Kirkland & Ellis advised Riverside on the deal, and Maranon Capital provided financing.

Related Posts

Leave a Reply

PEHUB Community

Join the 12494 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget

Groups